Boston Recyclers Company Uses the Indirect Method to Prepare Its

Multiple Choice

Boston Recyclers Company uses the indirect method to prepare its statement of cash flows.Refer to the following information for 2019: 1.Retained Earnings,beginning balance,$139,000
2) Retained Earnings,ending balance,$120,000
3) There is a net loss of $15,000 for the year.
What is the amount of dividends declared during the year?

A) $34,000
B) $5000
C) $4000
D) $14,000